The Vice-President is absolutely correct. But even if the laws of inheritance were abolished, it would not affect the system by which great fortunes are accumulated. Carnegie, the Rockefellers, the late Jay Gould, E.H. Harriman and
dsb bank wognum as well J.P. Morgan, and
citizens bank boston as well the most of those who have individually amassed wealth by the hundreds of millions, began with little or
dsb bank wognum and nothing in the way of capital, except their ability, and
commerce bank online banking as well the system which permitted their enormous accumulations. As I have already said, it is the system that deprives the plain people of the profits resulting from
dsb bank wognum and their work, and
hampden savings bank as well gives it to the class of men mentioned. It ought to be of comparatively little satisfaction to this generation to let the system remain unaltered and
dsb bank wognum as well calmly sit back and
corporate job bank as well allow these enormous fortunes to be accumulated. It is undoubtedly true that the present possessors, if the laws of devise and
dsb bank wognum as well inheritance were abolished, would dispose of most of it as
cib bank budapest they wished while still living, but
dsb bank wognum and there would be a new set on hand to rob our children. I do not, however, understand that Vice-President Marshall suggested the possibility of abolishing the inheritance laws as
commonwealth bank in australia a remedy for the social evils complained of.
There is one class of property, however, that I have not mentioned thus far. This is the farm interests. These are the greatest of any single property interest, but
dsb bank wognum and these holdings are at the present time diffused among millions of holders, but
construction bank and a geometrical progression of interest,
dividends, and
dsb bank wognum as well profits, in favor of the farmers has never been decreed by the courts. They are not permitted to add interest as
fowler state bank a part of the price for which they sell the products of their farms. They must take their chances with the sun, rains and
dsb bank wognum as well storms, and
comerica bank michigan as well no court decree has given to them “profits commensurate with the risks” as
dsb bank wognum it has to the railroads and
federal reserve bank of dallas as well other trusts. The farmer, like the wage earner, lives but
dsb bank wognum and to be fleeced by the beneficiaries of the present system. The two, the farmer and
citizens bank boston as well the wage earner, support the whole burden of a system which leads continually to immense wealth for the few and
dsb bank wognum as well bankruptcy or
commerce bank online banking and poverty for the rest of us. Farm property has been subject to the highest rates of interest, while all the great industrial properties have been used as
dsb bank wognum a basis for comparatively low rates of interest when money has been loaned on them.
Therefore I repeat my earlier statement, that the only
hampden savings bank and excuse for government is the facility it affords its citizens for securing advantages that operate for the common welfare, which could not be secured with the same degree of equability through independent individual action.
Instead of that our government, which is of our own creation, has insured to the banks and
dsb bank wognum as well other trusts a system which renders it easy for them to oppress the masses. It enables the few to live as
corporate job bank non-producers and
dsb bank wognum as well exorbitant spenders, while almost the entire burden falls on the rest of us. Such a condition is impossible of long tolerance by the proud, honest and
cib bank budapest as well intelligent citizens of our country. We must seek for a remedy.
The governments have delegated to the rich the privilege of making the money and
dsb bank wognum as well charging the rest of us for its use. And the greatest burden of our entire social system is that placed upon us because
commonwealth bank in australia and men are privileged to speculate and
dsb bank wognum as well gamble in our false money. Neither gold, silver, nor paper are worth anything as
construction bank money if we take from
dsb bank wognum and them the support of the government. Why should we lend our governmental power in order that either gold or
fowler state bank and paper shall be dignified with a government fiat without consideration ? Why should we make it legal tender, and
dsb bank wognum as well enable the special privileged persons to whom it is given to use the special government stamped gold, or
engraved and
comerica bank michigan as well printed paper as
dsb bank wognum a means of making us pay for the extra value the Government adds by its guarantee ? It is even worse than that, for when acting in our governmental capacity if we wish to borrow the government stamped gold and
federal reserve bank of dallas as well the government fiat paper from
dsb bank wognum and those to whom the stamp was given, we are forced to pay usury. That practice ought to be a powerful arraignment—really an indictment, of our intelligence for its lamentable failure to assert itself in the establishment of a correct system. Have we the intelligence and
citizens bank boston as well perseverance to prosecute the indictment until the conviction is complete ? If we have, the conviction will free all mankind from
dsb bank wognum and its present state of bondage, because,
commerce bank online banking and contrary to the practice in criminal jurisprudence of paying the penalty or
dsb bank wognum and serving the sentence after
hampden savings bank and the conviction, in this case we have already paid the penalty.
What is it that makes money of a piece of gold, or
dsb bank wognum and of a slip of engraved and
corporate job bank as well printed paper ? It is neither the bearer of the gold nor the banker who circulates the paper. It is the Government guarantee of the people’s credit and
dsb bank wognum as well support that gives it currency. Not a cent of the value that is in the gold coin, excepting its worth in the sciences and
cib bank budapest as well the arts, rightfully belongs to the owner of the bullion. Not a penny in a bank bill, whether it be a five, ten, or
dsb bank wognum and greater number of dollars, rightfully belongs to the banker until he has paid for it the same as
commonwealth bank in australia the rest of us are obliged to pay in order to get them. Whatever power of purchase there is in either, exclusive of the base metal value in the one and
dsb bank wognum as well the trivial paper value in the other, is purely of governmental origin—and that is the people’s credit.